Posts Tagged as Home Sellers

It’s Time to Up Your Game. Are You Ready?

William Gibson once said, “The future is already here — it’s just not very evenly distributed.”

I can’t help but think of that quote when I look at statistics on real estate marketing – particularly what buyers and sellers want and how many real estate professionals are able or willing to meet that demand. Home buyers and sellers are consumer. They, like all consumers, want accurate information immediately, in ways convenient and flexible to their ever-changing needs.

William Gibson once said, “The future is already here — it’s just not very evenly distributed.”

I can’t help but think of that quote when I look at statistics on real estate marketing – particularly what buyers and sellers want and how many real estate professionals are able or willing to meet that demand. Home buyers and sellers are consumer. They, like all consumers, want accurate information immediately, in ways convenient and flexible to their ever-changing needs.

Did you know that, according to NAR:

• 92% of homebuyers used the Internet as an information source
• 73% of homeowners say they’re more likely to list with a realtor who offers video
• Only 4% of agents actually offer video as part of their marketing package to home sellers
• 75% of Internet homebuyers drove by or viewed a home they saw online
• 43% of buyers first found their home on the Internet
• 56% of home buyer prospects expect to be contacted within 30 minutes of expressing interest in a property

According to Forrester Research it is 50 times easier to achieve a page 1 ranking on Google with a video. And NPD tells us that mobile and tablet shoppers are three times as likely to view a video as laptop or desktop users.

If your response to this is “So what?” you have got to get with the program! Mobile is here. Which means your websites (agent website, single property websites, etc.) better have responsive design. Your clients—homebuyers and home sellers—want you to respond to their needs FAST. Meeting that demand requires an investment in technology, like Smart Lead Capture. And video simply must be part of your real estate marketing offering.

I’m reminded of another quote, this one from Albert Einstein: “If you always do what you always did, you will always get what you always got.”

It’s time to up your game. Are you ready?

Rising Mortgage Rates Fail to Dampen the Buyer's Market

Preparing Your Sellers for Home Showings

Selling a home can be a long, complex process. If only selling a home was easy! But the reality is, selling a home is anything but easy (hey, that’s why sellers need your expertise!), And while you as a real estate professional are well aware of this fact, not all home sellers realize just how much effort selling their home would require. It is therefore your job, as their agent, to prepare your sellers for home showings.

Preparing the home for the sale is different than preparing the sellers. Preparing the sellers is more about emotional preparedness. The most important thing you could do is to have a conversation with the sellers about the psychology of buying a house – instead of  telling the sellers what they should and shouldn’t do, explain how buyers act and react to different circumstances and how the sellers’ behavior could therefore have a real impact on the sale process.

Above all, you want the sellers to be flexible and to realize that they will need to accept that some showings are going to be scheduled at the very last minute. They also need to realize that agents and buyers won’t always be on time, and that it’s important that they are not present in the house during showings, since this could be a serious turn-off for potential buyers who would feel uncomfortable truly exploring the home in the sellers’ presence.

As much as the sellers are attached to the house and feel that it’s “theirs,” they need to realize that once the sale process starts, their home becomes a real estate property that needs to be sold. Their stuff, their presence and their opinions are not necessarily helpful and could in fact interfere. The more emotionally detached the sellers can be about the process, the easier it will be on them – and on you.

Real Estate Agents Gain Favor with Home Sellers

A recent poll conducted by an online marketing solutions provider HomeGain revealed that home sellers are better able to sell their home using a real estate agent than by selling on their own – by 120 percent!

400 homeowners responded to the poll, with some 79% stating they had used an agent and 21% having attempted to sell on their own.

Further results showed that approximately 66% of surveyed homeowners who used the services of an agent managed to sell their home, while only 30 percent of those who attempted the FSBO (for sale by owner) route were successful.

Among those unsuccessful selling on their own, 22% eventually hired a real estate agent, with 55% of those homes eventually selling.

In the 20 years between 1991 and 2011, the percentage of home sellers who choose an agentover FSBO has increased 10% (from 77% to 87%). Additionally, the typical FSBO home sold for approximately $65,000 less than an agent-assisted home sale. And that is good news for agents.

Sellers Expect a Listing Website

A single property website used to be one of those “nice to have” things that only the especially savvy realtors use. Not anymore: as the Internet plays an increasingly bigger role in the home buying and home selling process, more and more sellers – and buyers – are expecting to see a listing website.

A listing website is a Web page that is dedicated to a single property, or a single listing. It’s a wonderful way to present a property, because it creates a one-stop place where all the relevant information about a property, including photos, neighborhood photos and even disclosures, can be found.

Single property websites are very easy to find online, because their URL usually contains the property’s physical address, which means that when someone searches for the address, the single property websites will likely be the first result they see.

Sellers are expecting you to create a single property website for their listing because they see it as something “extra” that you are giving them – as going above and beyond. Most don’t realize just how affordable listing websites are for agents, and how easy they are to create, because they look so professional!

The best thing about a listing website is that you can create a demo site before winning a listing, present it to the sellers, and then- after that beautiful website helps you secure the listing – you can go ahead, pay, and take it live. The site will stay up for a full year, and will include built-in, easy to use tools for sharing properties on a wide range of social networks.

Savvy sellers expect their agents to be savvy too, and this means knowing how to leverage every possible online tool to help them sell their home quickly and effectively.